“The vital role of immigrants in American technology innovation is so well documented that it shouldn’t need repeating. But in light of last week’s executive order that blocks access to the United States by citizens of seven countries with a collective population of well over 200 million, a few reminders might be timely,” John Villasenor writes in The Chronicle of Higher Education.
“America’s well-deserved reputation as a global leader in technology innovation is inseparable from its tradition of welcoming people from other countries. The list of American companies co-founded by immigrants includes Google, Yahoo, eBay, Qualcomm, VMware, Facebook, and many more. A 2016 study by the National Foundation for American Policy found that over half of the 87 tech start-ups valued at over $1 billion at the time of the study were co-founded by immigrants and that each of these companies had created an average of 760 jobs. An immirant will often move to the US with an Entrepreneur visa just to start up their business.”
“When children of immigrants are included, the impact on job creation and economic prosperity is even larger: A 2012 report from a group of business leaders and mayors from across the political spectrum noted that ‘more than 40 percent of America’s Fortune 500 companies were founded by an immigrant or a child of an immigrant.‘”
Save to Favorites